Registered number
04909668
Littlecourt Cottages Limited
Unaudited Filleted Accounts
31 October 2023
Littlecourt Cottages Limited
Registered number: 04909668
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 1,250
Tangible assets 4 28,754 31,838
28,754 33,088
Current assets
Debtors 5 3,733 4,650
Cash at bank and in hand 333,616 280,486
337,349 285,136
Creditors: amounts falling due within one year 6 (67,731) (72,465)
Net current assets 269,618 212,671
Total assets less current liabilities 298,372 245,759
Provisions for liabilities (5,917) (6,048)
Net assets 292,455 239,711
Capital and reserves
Called up share capital 112 112
Profit and loss account 292,343 239,599
Shareholders' funds 292,455 239,711
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S B Kussman
Director
Approved by the board on 21 February 2024
Littlecourt Cottages Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the holiday.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 5 years
Plant and machinery 25 % reducing balance
Motor vehicles over 5 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 25,000
At 31 October 2023 25,000
Amortisation
At 1 November 2022 23,750
Provided during the year 1,250
At 31 October 2023 25,000
Net book value
At 31 October 2023 -
At 31 October 2022 1,250
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 22,550 180,337 18,774 221,661
Additions - 6,585 - 6,585
At 31 October 2023 22,550 186,922 18,774 228,246
Depreciation
At 1 November 2022 22,550 148,499 18,774 189,823
Charge for the year - 9,669 - 9,669
At 31 October 2023 22,550 158,168 18,774 199,492
Net book value
At 31 October 2023 - 28,754 - 28,754
At 31 October 2022 - 31,838 - 31,838
5 Debtors 2023 2022
£ £
Other debtors 3,733 4,650
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,509 1,550
Taxation and social security costs 19,155 21,996
Other creditors 45,067 48,919
67,731 72,465
7 Other information
Littlecourt Cottages Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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